Refer to the figure below. There would be an excess supply of 25 at a price of ________. 
A. $35
B. $20
C. $45
D. $50
Answer: D
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Constellation Brands Inc is the world's biggest wine firm with 300-plus brands, from jug wines to coveted California reds, including the Clos du Bois, Geyser Peak and Woodbridge by Robert Mondavi labels
Based on this characteristic of firms, why would Constellation be more efficient than a market at coordinating economic activity? A) Constellation has economies of scope. B) Constellation has lower transaction costs. C) Constellation has economies of scale. D) Constellation has economies of team production.
National income is equal to
A) GDP minus depreciation. B) GNP plus depreciation. C) disposable personal income plus depreciation plus personal taxes. D) personal income minus personal taxes.
If a pair-wise majority vote was held and the voters' preferences are shown in the table, assuming public parks and the zoo was the first pair to be voted on, which option would win overall?
A. Public transportation
B. Public zoo
C. Public parks
D. Both Public parks and zoo.
An increase in the budget deficit makes domestic interest rates
a. rise because the supply of loanable funds shifts left. b. fall because the supply of loanable funds shifts left. c. rise because the demand for loanable funds shifts right. d. fall because the demand for loanable funds shifts right.